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<br /> ` -� - p.yment�.which�recemsd co in'�ara�aph 2:a change the amrwru o�sucn pnytae�'ts. ilny eacxss pocecds nver an ;
<br /> amouot ta�uineQ to pty all ausanding iiide�aess ueder the Note and tNis Securlty Instnnnent stt�l!be p�id to t6e entiry
<br /> kgill enutted t6aeto. " " , ,
<br /> �I�;l.ender may colloct fas aM cbargFS authorizo3 by tbe SeccetaiY- . .
<br /> ! (irv�dsfor�atDeW. � _
<br /> (�)DNadt l,ender may.oxcept.as limite�tiy teguiatians issued by d�c S1ec�rY tn the casc of paymen[defa�ilts,
<br /> c�ec�uir�immed'iatep aymwt w foD of ali snms secured by this SecuritY Insw�nt if:
<br /> � � � '()Boaower defwl[4 by fa�ing to pay ut fiill any mmthlY PsY��luired by this Security�i prior
<br /> ta or an dse dae date of the aext rnaitt�tY PaYrt�ent,fu • - -
<br /> ; (ii}�6y fa�lnng,for a period of thirty days,ta perfam any other obligations contained in t6is _ �---
<br /> � tb)Sf�Credit App�oval. Lender s6a11,if pctmiaed b3►apPlicable[aw and aritb tbe prior appmva}of tht —
<br /> � •Soe�ewry.re4uin�PaY��in full of alI tI�sams securat by dris Sec�may Ia�nuaent iF
<br /> , C) P� �Y ,�s sold ar
<br /> t AIt ar of.dit .�or a ben�cial iatecest�ia a uust uwiriug alY oF�rt of the Prope�t9 .
<br /> . otbtrwiscttan�fetse�•.at�d�tt•63►�deMise ordesceot).by.1he Bottiv��_::•�^`r:.`:::.•:':. _ . . .
<br /> - - .. t(u?:'ll�eR�opeit�:is,���acc�Pi�dbyr�t�a�P�'m�as�'ot�'.�u?c�pa��:at!thtpurciiaser
<br />__ • �dr;:g�anze�r�aes so��ppy the Pmpercy 56t��tus<�or��(�ec.cn�d,•t.�as:�tbcrn,approved�in accardan�e .
<br />--�� - ��iih'tt�e'�aq�n�emetu��ofYbcS�c:etary. .
<br />'�- . .°. icj No Waivir If�accur rhat wontd prnnit Lecder co iiequine imamediacc paymeat in full,6ut l.ender
<br /> - does rat reqaic�`suchpayrtlents.Lender does tlot waive its ng6ls wtth[esp[ct to su6sequenE events.
<br />-" ta)R�o�nr HiJn secret�9 �t iaoan3►cl�+cumstance.s regulations issuea by the secnetary►wiu�imit L,ender's � _ --
<br /> riglus, in the case of payment defaults,to reyuin immediate payment in fiiU ancl foreclose if notp�d. This _---
<br /> Security Ins�nt daes not authorize acceter•won m fomlosuse if nat pem�itted by ngulatiads of the Sutetary. ���
<br />- . (e}Mort�e Nd I�red. Harower agms thaCshoutd this Security Inswment and thc nott secured theceby not w;�a=
<br /> .i-:-, be etigibk fc,r insuranc�under tAe Nuianat Houting Act within 8 I�Onths ` from tl�e ��_'-'"-=:
<br />_ • date hereoi.l.eAder may:at its oplion arKf notwithstpnding anything in Pamgrapt�9.requirc immediate paymcnt in �'�_:_:;-,�
<br /> �y.�_
<br /> - - fu11 af a!1 sums saurcd by thi�Sexurity tasiniment A writtrn�taternene ui any autharir.cd agent Af the Sesrc�ery ��,-_
<br /> � dateQ subse,quent to 9 �ont h3 i�am the date Ae�c�f;declining to insure,thia Secanry _.�Y_._. _
<br /> Instn�ment und the nac hecured shereby.�hall be deemed conetusive pra�i of such iaeligibility. Natwithstanding �
<br /> - h_ � � .thc fo�egoin�iMs ap►iort may nne hcearr�i�d by LcMtcr when the uaavaitabiliry of in5urancc is solely,due ta _ . �:_
<br /> � � Lender's•failurc to remit a rrioctgagc insurancc premium to the Secretary. ,,
<br /> = i`. 10 Reinstatement. �orrower has a r�ght to hc ceinstated if l.ender lias required immeAiate paym�nt in fuU 6ecause ��".,��;._ �:`._
<br /> ' of Bonower's failur+e to pay an sunownt due under the•Note or this 5ec�eriry /nsuumenti Tbis right applies even after , •;;��:_,:. :._
<br /> , Y.� '' � fcxeclosure praceedings are mstituted. To reinstate the Security Iaauumen� Borrawer shall tender m a lump sum all :, �LL
<br /> :• � amaunts reyuu�ed to bring Borrower's accoant current including.to the extent they are.abfigadons of BoRawer under this f--�-..•� _ _
<br /> • __.� Soeurity inswment,foreclosure costs and reasonable and customary attorr�eys'fees and expenses properly associated with '�-�-.�:%�•:-
<br /> ; �r,
<br /> the forrclosurr proceeding. Upon ninstatement by Borrower.this Securiry(nsirument and the obligations[hat h sec�ues �-;i_
<br /> � shall remain in effecc as if Lender had not rec�uired immediate payment in full. However,Lender is not�equired to permit �• -
<br /> reiastatement if: (i)Lender hs�s accepted reu�statement after the wmmencement of foeectosure proceedit�gs wlthu�tw'o •nt T',�.. __�
<br /> - _ ytars immediauly preceding the commencemeni of a current foreclosure praceeding,G�) reinstatement well preclude �,� "$
<br /> • �.��,.� �. „
<br /> forcclosure on different grounds in the future,or(iu)reinstatement will advessely affect the pnodty of the lien created by ::i,:;,.�;�. ,Y v
<br /> .'`', . . . -.` Z r: this Secariry Instrumea� � ,��
<br /> ' �;�:�'��� 11. Borrawer Not Relessed; Forbearance by l.ender lYot a Waiver. Eatensian of the time of paymem or ` �''����� ��t'�
<br /> ? ``;�_�� modification of amortizadon of the sums secured by this Security Insuument granted by Lender to any successor tn interest �'• � �''�" ";-';
<br /> ���.� ='�` ,
<br /> . ;�,-+�.;yu,�:.;� - of Bmmwer shall not operate to release the liability of the original Boaouer or Borrower's successor in interes�. Lender [;�:•.•'� `r°�
<br /> shall not be required to commence roceedin s a amst any successor�n interest or refuse to extend time for ayment or ? � ::.
<br /> ,f� P S B p �;. ::.�:c.;;-�;,'•:.. �_�:
<br /> � . otherwise modify amortizaaon of the sums secured by this Securiry Insuument by�reason of an}+demand made by ihe ;.:_, -__
<br /> ' y"'�� a ri g i n a l B o c r o w e r a r B o r r ow e r's su c c e ssan in interest. A r ry farbearance by Lender u�exercising any right or remedy sha11 ���'•� •^`� ' __
<br /> � not be a waiver of or preclude 1he eaercise of any right ar remedy. � ' ''`'''• �' �` --
<br /> '�y � 1 2. S u c c 4 s s ars and Asa i gns Boand;Jofit and&verai Liability;�aSignera. TMe covenas►ts and agreements of - - _
<br /> ;', `-�'S.:�- this Securiry Instrument shall binQ and benefn the successors and assigns o f Len der an d Borrower.su b j e c t ta t he p r o vi s i o n s
<br /> � � � ,.-�. ;;�Y of Paragraph 9.b. Borrower's covenanu and agreemenxc shall be joint and several. Any Borrower who cas�gns this ',�;. ' '::��`�_
<br /> " �`' Securi lnstrument but dces not execute the Note: (a)is co-si nin this Securit Instrument onl ta mart a e t and � �' �•-� , ;:-,
<br /> +� : ty � S Y Y S S .Sran ..
<br /> ' ^��``-_�' � convey ihat Bosrower's interest in ihe Property under the terms af this Secudty Instrumen�(b)is not personaUy obligated ta �: ::��`��• '"`'-
<br /> ,..,,:,.. . -
<br />- puy the sums se�.vred by this Security lnstrument:and(c)agrecs that l.ender and any other Borrower may agree to extend. �;,;,;' �,�
<br />` •.,,f::r . mod�fy.forbearar make any accammodationv with regard to 1he tcrms of this Security In.�trumcnt ar the Note without that -. ,� --
<br /> ' . 't'' .Borrower's consent �'�_
<br /> :'a�•"-,; . . 13. Natias. Any natice to Borrower provided far in this Seciuity.lnstrumcm�hall be given by delivering it ar by :'.•, ., : _-
<br /> 'J` ��+ � � maiting it by�rst class mait untess applicabte law requirea use of another mcthod. Thc natice shall be drected to the _ ;
<br /> � � �r�=�:��' . Property Address or any other address Borrower desig�ratey by noticc tn Lcnder. Any noti c e to Lendcr shall be given b y � �: .
<br /> - ' �'� fust class mail to Lender's addresh staced herein or any nddre�� L.ender designates by nrnice to Aarrower. Any notice �'� �` '�' ., .
<br /> �'_v5a.�.�i��-� ..:i ' . � ' . .
<br /> •„ �rovided for in this Security Instrument shall be dcemed to have been gicen to Borrower nr Lendcr when given as provided
<br /> �. �.• •. " m this pasagaph. ,
<br /> ,•_;�•.�`;=. 14. GoveraLtg I.pw;Severabllity._This Security tntitrument shal( bc Fovcmed by Pcder�l law and thc I�w of the
<br /> -- — :
<br /> s:�.`�'�r:= = "--- jurisdiction in which the i'roperty ic iocated. in thc event that any provisie�n or etause ot'ihi.c Security Insuumeni or the - -- -. _ _ ..
<br /> . -... :+"�';` Note conflicRg wiih applicable law,such conflicl tihall no!uffect other pruvisianv of this Security instrument or the Note r .' ,
<br /> ?}•, �f.:
<br /> , �4.::�:.. " ' which can be givcn rifect withaut the r�nflicting prnvi�ian. 7i��his rnd the pmvisinns of this Sccurity fntitrumcnt uad the j. .
<br /> . -r�:'� . `. � Notc are declared ta be sevcrablc. � , .
<br /> �;:,,-:-: � 15. Horruwer's Cupy. Burrawer.rhall he givcn unc c��ufomud capY��f ihiti 5ecuri�y fa�trument, � .
<br /> *�,..�.; -` � 16. As.giRnment ot Renty. 8vrr�►wrr uncund�u��naUy actii�n�and rran�fcrv w lxndcr all the rents und revcnues uf the ; .
<br /> PropeAy. garrowcr:mthurii.��Lcn�er ur Lvndcr.l agcnt�tu callcct�hc remti.t�d revcnuc�anJ hcreby dirrrt�:e.irh tenant af i'
<br /> • ' ' • • the f'ruperty to,p�y tlte rents to Lcndrr nr Lcnder's ageatv. Hnwcvcr,priat u�Lcndcr ti natice tu Iturrenti•er crY Barrowcr's �
<br /> breach nf uny covcn:�nt ar.tgrrrmrnt in the Secarity Imuumrni.H�+rnstiver�h:dl callrct and receive all rent�:+nd mvenuex af !
<br /> • , r ._. . the Prap�rty ux trustec fiir the bene�t ai I.rrt�rr and H�+rruwcr. '1Thi�,��signmrnt uf rentv cuntitituteti.m absalutc a�viknmcnt i
<br /> zmd not un assignment for udditiun,d�cc�uity�+nly. � .
<br /> • - . • •. ti L�:nder gives natice c�i breach ta Nurn►µ•rr: 1 a+►:d!renk reccived t�y fiurruwer shall h�•hrld by I�urr�►u•er.«trustee. �
<br /> � • fnr benefit of L.endrt only,tn he cipplied tn.the swns.ecunQ by the Securily Inytrument: Ib)Lender .hall lx emitled t�� �, ,
<br /> ' ��,.± ..�,•�_ . c�llcct:u�d receive all�f thc rcnts of thc Yruperly:and(c►carh Icnant�ti thc 1'roperly �haU p:�y alt rcnt�Juc and unpaid tu ;
<br /> � � � ' Lender os Lendcr s��gcnt un Lrndcr's�vritten dem.md tv thc tenant. i -• -
<br /> ' . . � • ' �� . ' Borrower hs�v not exccutcd any prinr as�;i�mnent��f the rents and h�.ti nnt and will nat perf��rm .uiy act that woutd ;
<br /> .. , . , prevent Lendex from excrcisin�its nghcs wulcr t�i�1'.iragraph I(i. I , .
<br /> � ,. Lender shall not be reywmd to enter upnn,t.�k�cnntro!�>i�or m�intain the Prapeny before nr ati'tcr giving n�ticc�,f
<br /> •6•:�'r•' • �. breaeh ta$rnmwcr. HaW�sy.r.l,ender or a)udici:ilty a��ointed tcceit'e:n::�y��s s;Y at:u�y timc there is a breach. Any
<br /> � • . . �plicatian oi rents shail rta�rufe or waive any def:�;.�3.�.in�a:ida:e sny o:":r rig'r.�or remedy of Lrnder. "�hi4.��.,i_�nment ;'' , � .
<br /> ' of rertts afthe Property s;�a�t:m.iiaat4 wheathe debt sect;red h;tf�v 5.carisy�in,trumcnt is paid in full. �
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